Indian Hard Disk Market shipments reached 2.23 Million units in CY Q1 2014, representing an increase of 21% over the previous quarter.

Rising demand for higher capacity Hard Disks, increasing data usage, reduction in the average prices coupled with technological advancements have fueled the growth of Indian Hard Disk market over the past few quarters.

According to 6Wresearch, Indian Hard Disk Market shipments reached 2.23 million units in CY Q1 2014. During CY Q1 2014, the Indian Hard Disk Market comprising Internal and External Hard Disks registered an overall growth of 21% over CY Q4 2013. Additionally, in terms of unit shipments, the external Hard Disk segment witnessed an increase of 25%, whereas the Internal Hard Disk segment registered 20% growth in CY Q4 2013.

The demand for Internal Hard Disk have raised significantly as a result of increasing sales of Desktop PCs in India. Whereas, the market for External Hard Disks in India is growing on account of rising demand from the Consumer segment and increasing content in the industry.

 Source: 6Wresearch Quarterly India Hard Disk Market, CY 1Q’ 2014
Note: Embedded Hard Disk has not been considered

Key Highlights (CY Q1 2014)

1. More than 9 vendors shipped Hard Disks.
2. WESTERN DIGITAL and SEAGATE captured more than 70% share of the entire Indian Hard Disk market.
3. In the External Hard Disk segment, 1TB storage capacity led the market with around 68% share.

Source: 6Wresearch Quarterly India Hard Disk Market, CY 1Q’ 2014
Note: Embedded Hard Disk has not been considered

Inclination of consumers towards higher capacity Hard Disk is witnessed in India both in the Internal and External Hard Disk segments. In CY Q1 2014, 1 TB and 500 GB Hard Disks are trending, where both these capacity Hard Disks have captured lion’s share of the market. Further, in the coming quarters, demand for 2 TB Hard Disk is projected to gain momentum, especially in the External Hard Disk segment. Declining prices is attributing for its adoption, which has resulted in a substantial growth of more than 80% in the Indian market.